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Pete Davidson Staten Island condo sale just closed at roughly $850,000 after sitting on the market for more than three years. He originally paid $1.2 million for the unit at 90 Bay Street Landing in 2020 and listed it for $1.3 million in late 2022. That means he walked away with a loss of at least $350,000 before factoring in renovation costs, closing fees, and carrying expenses.
The celebrity angle will grab headlines for a week. But if you are shopping for a condo in St. George or anywhere on Staten Island’s North Shore, this sale tells a much more useful story about pricing, renovations, and what actually holds value in this market.
Let’s break it down.
What Happened with Pete Davidson’s Staten Island Condo?
Pete Davidson purchased his condo at 90 Bay Street Landing in St. George, Staten Island in 2020 for $1.2 million. The unit is a 1,592-square-foot space with 1.5 bathrooms in Bay Street Landing, a gated waterfront community with 24-hour doorman service, a fitness center, sports courts, and a residents’ lounge.
After buying the unit, Davidson renovated it heavily. He converted the original two-bedroom layout into a loft-style one-bedroom with red accent walls and a built-in fish tank. The redesign reflected his personal taste but moved the unit further from what most buyers in this price range want.
He listed the condo in late 2022 at $1.3 million. It did not sell. Over the next three-plus years, the asking price dropped multiple times. By February 2026, the listing sat at $850,000. The sale closed in April 2026 at approximately that price.
Here is the timeline:
| Date | Event | Price |
|---|---|---|
| 2020 | Purchased | $1,200,000 |
| Late 2022 | Listed for sale | $1,300,000 |
| 2023-2025 | Multiple price reductions | Various |
| February 2026 | Final asking price | $850,000 |
| April 2026 | Sold | ~$850,000 |
The total loss on paper: roughly $350,000. Add renovation spending, maintenance fees paid over six years, closing costs on both transactions, and the real number is likely higher.
Inside 90 Bay Street Landing: The Property and the Community
Bay Street Landing is one of the more recognizable condo communities on Staten Island’s North Shore. The gated complex sits directly on the waterfront in St. George, within walking distance of the Staten Island Ferry terminal.
The community includes:
- 24-hour doorman and security gate
- Fitness center
- Tennis and basketball courts
- Residents’ lounge
- Waterfront access with harbor views
- Parking
- Short walk to the free Staten Island Ferry (25-minute ride to Lower Manhattan)
Bay Street Landing also sits near Empire Outlets, SIUH Community Park (home of the FerryHawks), and the growing cultural and retail corridor along Bay Street. The North Shore Action Plan, announced in 2023, continues to bring new public investment to this stretch of the St. George waterfront.
The building itself has maintained a solid reputation among North Shore condo buyers. Units in Bay Street Landing that keep standard layouts and neutral finishes tend to sell within the expected range for the area. Davidson’s unit was the outlier, not the building.
Why Pete Davidson’s Staten Island Condo Sold at a Loss
The celebrity name on the deed makes this sale feel unusual. But the reasons behind the loss are common and worth understanding if you are buying or selling a condo anywhere on Staten Island.
Overcapitalization through renovation. Davidson converted a two-bedroom condo into a one-bedroom loft. In a market where two-bedroom units command a clear premium over one-bedrooms, removing a bedroom is a move that almost always reduces resale value. The red walls and fish tank made the space feel personal, which further narrowed the buyer pool. Renovations add value when they increase functional space, upgrade kitchens and bathrooms, or improve energy performance. Renovations that reduce bedroom count or add highly specific design choices rarely pay back at resale.
Overpriced at listing. The $1.3 million asking price in 2022 exceeded what the local market supported for a one-bedroom unit in this building, even with waterfront access and doorman service. By the time the price dropped to a realistic range, the listing had accumulated time on market, which signals to buyers that something may be wrong with the property.
Market timing. The NYC condo market cooled in 2022 and 2023 as mortgage rates climbed from the low 3% range to above 7%. Luxury and semi-luxury condos were hit hardest because buyers at those price points are often rate-sensitive. While the broader NYC market has bounced back in 2026, listings that carried over from the slowdown period still face buyer skepticism.
Carrying costs compound losses. Every month a property sits unsold, the owner pays maintenance fees, property taxes, and potentially a mortgage. Over three-plus years, those costs add up fast and deepen the financial hit beyond just the sale price gap.
None of these factors are unique to celebrities. They affect every condo seller who misprices a listing or overcustomizes a property before selling.
What the St. George Staten Island Condo Market Actually Looks Like in 2026
Davidson’s loss does not mean the St. George market is struggling. The opposite is true for properly positioned properties.
Here is where the numbers stand as of spring 2026:
| Metric | St. George 2026 |
|---|---|
| Median condo price | $350,000 – $550,000 |
| Multi-family median | $550,000 – $800,000 |
| YoY appreciation (waterfront condos) | 3-5% |
| NYC median home price | $1.45 million |
| 30-year fixed mortgage rate (April 2026) | 6.19% |
| Ferry commute to Manhattan | 25 minutes, free |
The gap between the $850,000 sale price on Davidson’s unit and the $350,000-$550,000 median range tells you something important: his unit was priced well above the neighborhood norm from day one. Most buyers in St. George are looking for value, not luxury loft conversions priced at double the median.
Zillow named New York City the third hottest housing market for 2026. Inventory remains tight across the boroughs, and sales volume is running at the highest pace since 2022. On Staten Island specifically, well-priced condos in transit-adjacent locations like St. George continue to attract buyers who want a Manhattan commute without Manhattan prices.
The North Shore of Staten Island has seen steady investment over the past several years. Empire Outlets brought retail to the waterfront. SIUH Community Park added a professional baseball venue. The city’s North Shore Action Plan is funding streetscape upgrades, park improvements, and pedestrian connections that make the area more walkable and livable each year.
For buyers, St. George condos at the $350,000-$550,000 range represent one of the strongest value plays in all five boroughs. A 25-minute free ferry ride to Lower Manhattan, a gated waterfront community, and steady appreciation all in one package.
Browse current St. George condos and homes for sale to see what is available right now.
5 Lessons Every Condo Buyer Can Take from This Sale
The Davidson sale is a case study in what not to do when buying, renovating, and selling a condo. Here is what to take away.
1. Renovations Should Add Value, Not Just Style
Before you knock down walls or install a fish tank, ask one question: will this renovation increase what buyers will pay, or does it just suit my personal taste?
Adding a bathroom, upgrading a kitchen, or improving closet space almost always returns value. Removing a bedroom, painting walls an unusual color, or adding niche fixtures does the opposite. If you plan to sell within five to ten years, renovate for the market, not just for yourself.
If you are preparing a condo for sale, our staging tips guide walks through how to present a property that appeals to the widest pool of buyers.
2. Price to the Market, Not to Your Investment
Davidson listed at $1.3 million because that is what he needed to recoup his purchase and renovation costs. The market did not care what he spent. Buyers compare your listing against every other active and recently sold unit in the building and the neighborhood. If the numbers do not match, they move on.
Pricing a condo correctly from day one is the single most important decision a seller makes. Overpricing leads to extended days on market, which leads to price cuts, which signal desperation to buyers. Understanding how real estate comps work is your best protection against this trap.
3. Understand What Affects Condo Values in Your Building
In a condo building, your unit’s value is tied to the building’s overall profile. Doorman service, parking, amenities, HOA fees, and building financial health all factor in. But so does the dominant unit type. If most units in your building are two-bedrooms selling for $500,000, your one-bedroom loft conversion is going to appraise and sell differently no matter how nice it looks.
Before buying, study the building’s sale history. Look at what unit types sell fastest and for the best per-square-foot prices. A condo buying guide can help you understand the factors that matter most.
4. Work with Local Comps, Not Celebrity Pricing
Celebrity ownership does not add measurable resale value to residential real estate. Appraisers use comparable sales, not fame, to determine market value. A property is worth what a buyer will pay based on size, condition, location, and what similar units have sold for recently.
When you are evaluating a purchase, focus on local comparable sales data. If the asking price is above recent comps, you need a clear reason why, like a genuine upgrade in finishes, layout, or views. “A celebrity lived here” is not that reason.
If you get a low appraisal during the buying process, our guide on how to handle low appraisals covers your options.
5. Timing Matters, But Location Matters More
Davidson bought in 2020 during a pandemic-era market shift and listed in late 2022 as rates were spiking. That timing hurt. But the bigger issue was a property that did not match what the local market wanted at any price point.
St. George condos that are properly configured and priced within the neighborhood median have appreciated 3-5% per year. The location is strong: waterfront, free ferry, growing retail and cultural corridor, and rising public investment. The macro trends favor this area.
If you are thinking about buying on Staten Island, understanding the full borough market gives you the best lens to compare neighborhoods and spot value.
Is Now a Good Time to Buy a Condo in St. George?
For buyers who are priced out of Brooklyn and Manhattan but want a short commute to Lower Manhattan, St. George deserves a serious look.
Here is what the current market offers:
- Entry-level condos starting around $350,000 in a borough where the NYC median home price sits at $1.45 million
- Waterfront living with harbor views in a gated community
- A free 25-minute ferry commute to the Financial District
- 3-5% annual appreciation on properly positioned waterfront condos
- Mortgage rates at 6.19% (30-year fixed as of April 15, 2026, per Freddie Mac), which, while not at pandemic lows, are below the 2023-2024 peaks
- Growing neighborhood investment through the North Shore Action Plan, Empire Outlets, and new cultural and recreational infrastructure
The Davidson sale creates an interesting psychological moment. Headline readers might assume St. George condos are losing value. The data shows the opposite for properties priced and configured correctly. That disconnect could mean less competition for smart buyers who do their homework.
If you want to explore what is available, search St. George listings here or browse all Staten Island condos. For a deeper look at the neighborhood, read our full St. George neighborhood guide.
Want to talk through your options with someone who knows the North Shore block by block? Contact Robert DeFalco Realty to connect with a local agent.
This analysis was prepared by the team at Robert DeFalco Realty, Staten Island’s largest independently owned real estate brokerage. With over 40 years of experience and more than 200 agents serving Staten Island, Brooklyn, Manhattan, and New Jersey, we bring local market knowledge to every transaction. All market data cited from public sources and verified against recent comparable sales.
Frequently Asked Questions
What did Pete Davidson’s Staten Island condo sell for?
Pete Davidson’s condo at 90 Bay Street Landing in St. George, Staten Island sold for approximately $850,000 in April 2026. He originally purchased it in 2020 for $1.2 million, resulting in a loss of at least $350,000 before renovation costs and closing fees.
Why did Pete Davidson lose money on his Staten Island condo?
Several factors contributed to the loss. Davidson converted the two-bedroom unit into a one-bedroom loft with highly personalized finishes (red walls, fish tank), which reduced the buyer pool. The initial listing price of $1.3 million exceeded comparable sales in the building. Rising mortgage rates in 2022-2023 also cooled the luxury condo segment.
Is Bay Street Landing a good condo building in Staten Island?
Bay Street Landing is a well-regarded gated waterfront community in St. George with 24-hour doorman service, a fitness center, sports courts, and direct harbor views. Units that maintain standard layouts and market-appropriate pricing tend to perform well. The building is within walking distance of the free Staten Island Ferry to Manhattan.
Are St. George Staten Island condos a good investment?
St. George waterfront condos have appreciated 3-5% year over year as of 2026. With median condo prices between $350,000 and $550,000, a free 25-minute ferry to Manhattan, and ongoing public investment through the North Shore Action Plan, the area offers strong value for buyers entering the NYC market.
What is the average condo price in St. George Staten Island?
As of spring 2026, median condo prices in St. George range from $350,000 to $550,000 depending on size, floor, and building. This is well below the NYC-wide median home price of $1.45 million.
How far is St. George from Manhattan?
The Staten Island Ferry connects St. George to Manhattan’s Whitehall Terminal in 25 minutes. The ferry is free, runs 24/7, and puts you within steps of the 1, R, and W subway lines in Lower Manhattan.